Cryptocurrency analyst VipRoseTr last week pointed to a key technical milestone in the price action of LTC. After a well-defined descending channel pattern,

Litecoin (LTC) is currently trading at around $95.67, showing a minor dip of 0.21% over the past 24 hours. However, there’s an increase in trading activity with a 2.80% spike in volume to $370.83 million.
Over the last week, LTC’s price has been displaying strength with a 5.15% rise and stabilization to $95.68. Cryptocurrency analyst VipRoseTr last week highlighted a key technical milestone in the price action of LTC.
After a well-defined descending channel pattern, described by parallel decreasing trend lines, from mid-April to mid-May, Litecoin had a breakout on May 20. The breakout went above the upper channel resistance and was paired with good buying interest and rising volume, an indicator of the potential start to a rally phase. The analyst singled out around $120.95 as a potential price area to reach, representing a roughly 26% move from the breakout price.
The price movement of Litecoin during the period between the first week of April and late May 2025 was between $74 and $125. It was moving in a steady decline in a downtrend channel. A breakout occurred around May 20, as seen with a purple circle on the graph. Subsequent to this, the price began to trade horizontally between $94 and $96.
Currently, the price has support near $92.65 and resistance somewhere near $150. So, the price may go to $120.95, but it may be subject to the fluctuations in the market. This sideways action after the breakout indicates that the market participants are giving it some time to see what would be the next development, and it could result in yet another increase or a minor pause before the trend resumes.
Litecoin price predictions in 2025 are quite different. DigitalCoinPrice has a favorable projection where LTC might exceed $211.56 at the close of the year, with hopes of breaking past its all-time peak at $412.96. This is supported by LTC’s solid market conditions and increasing acceptance.
On the other hand, Changelly’s technical analysis provides a conservative estimate with Litecoin’s lowest price expected at $80.20 and a peak at $87.31 in the year 2025, averaging a trade at about $94.41. It also provides a potential return on investment (ROI) of about -8%, which indicates potential price weakness. A trading range of $73.97 to $94.41 in May 2025 predicts volatility but somewhat low growth.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.